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Inspirato Inc（ISPO）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是Inspirato Inc的1.0倍（$57.1M vs $55.5M），REGIS CORP净利率更高（0.8% vs -8.1%，领先8.9%），REGIS CORP同比增速更快（22.3% vs -19.6%），REGIS CORP自由现金流更多（$891.0K vs $-3.0M），过去两年REGIS CORP的营收复合增速更高（7.8% vs -11.4%）
Inspirato Inc是一家高端旅行及酒店订阅服务供应商，主要面向北美高净值人群，提供精选豪华别墅租赁、专属度假村权益、定制化行程规划服务，同时也为企业客户提供高端员工差旅激励解决方案。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
ISPO vs RGS — 直观对比
营收规模更大
RGS
是对方的1.0倍
$55.5M
营收增速更快
RGS
高出41.9%
-19.6%
净利率更高
RGS
高出8.9%
-8.1%
自由现金流更多
RGS
多$3.9M
$-3.0M
两年增速更快
RGS
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $55.5M | $57.1M |
| 净利润 | $-4.5M | $456.0K |
| 毛利率 | 31.4% | — |
| 营业利润率 | -8.0% | 10.8% |
| 净利率 | -8.1% | 0.8% |
| 营收同比 | -19.6% | 22.3% |
| 净利润同比 | -204.4% | -94.0% |
| 每股收益（稀释后） | $-0.36 | $0.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ISPORGS
| Q4 25 | — | $57.1M | ||
| Q3 25 | $55.5M | $59.0M | ||
| Q2 25 | $63.1M | $60.4M | ||
| Q1 25 | $65.9M | $57.0M | ||
| Q4 24 | $63.1M | $46.7M | ||
| Q3 24 | $69.1M | $46.1M | ||
| Q2 24 | $67.4M | $49.4M | ||
| Q1 24 | $80.2M | $49.2M |
净利润ISPORGS
| Q4 25 | — | $456.0K | ||
| Q3 25 | $-4.5M | $1.4M | ||
| Q2 25 | $-5.3M | $116.5M | ||
| Q1 25 | $1.6M | $250.0K | ||
| Q4 24 | $-2.3M | $7.6M | ||
| Q3 24 | $4.3M | $-853.0K | ||
| Q2 24 | $-8.7M | $91.2M | ||
| Q1 24 | $1.3M | $-2.3M |
毛利率ISPORGS
| Q4 25 | — | — | ||
| Q3 25 | 31.4% | — | ||
| Q2 25 | 27.5% | — | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 71.5% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 39.5% | — |
营业利润率ISPORGS
| Q4 25 | — | 10.8% | ||
| Q3 25 | -8.0% | 10.0% | ||
| Q2 25 | -8.3% | 12.1% | ||
| Q1 25 | 2.5% | 8.8% | ||
| Q4 24 | -3.2% | 11.8% | ||
| Q3 24 | 9.8% | 4.6% | ||
| Q2 24 | -22.8% | — | ||
| Q1 24 | 3.0% | 8.3% |
净利率ISPORGS
| Q4 25 | — | 0.8% | ||
| Q3 25 | -8.1% | 2.3% | ||
| Q2 25 | -8.4% | 192.9% | ||
| Q1 25 | 2.5% | 0.4% | ||
| Q4 24 | -3.6% | 16.4% | ||
| Q3 24 | 6.3% | -1.9% | ||
| Q2 24 | -12.9% | 184.7% | ||
| Q1 24 | 1.6% | -4.7% |
每股收益（稀释后）ISPORGS
| Q4 25 | — | $0.16 | ||
| Q3 25 | $-0.36 | $0.49 | ||
| Q2 25 | $-0.42 | $43.67 | ||
| Q1 25 | $0.12 | $0.08 | ||
| Q4 24 | $0.98 | $2.71 | ||
| Q3 24 | $0.62 | $-0.36 | ||
| Q2 24 | $-2.33 | $38.40 | ||
| Q1 24 | $-0.18 | $-1.00 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $13.7M | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $-134.0M | $188.7M |
| 总资产 | $228.3M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ISPORGS
| Q4 25 | — | $18.4M | ||
| Q3 25 | $13.7M | $16.6M | ||
| Q2 25 | $16.7M | $17.0M | ||
| Q1 25 | $16.4M | $13.3M | ||
| Q4 24 | $21.8M | $10.2M | ||
| Q3 24 | $13.5M | $6.3M | ||
| Q2 24 | $18.8M | $10.1M | ||
| Q1 24 | $22.6M | $5.9M |
总债务ISPORGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益ISPORGS
| Q4 25 | — | $188.7M | ||
| Q3 25 | $-134.0M | $187.6M | ||
| Q2 25 | $-129.7M | $185.6M | ||
| Q1 25 | $-125.2M | $68.6M | ||
| Q4 24 | $-129.9M | $66.7M | ||
| Q3 24 | $-134.6M | $56.4M | ||
| Q2 24 | $-35.2M | $56.8M | ||
| Q1 24 | $-27.5M | $-35.8M |
总资产ISPORGS
| Q4 25 | — | $588.3M | ||
| Q3 25 | $228.3M | $592.1M | ||
| Q2 25 | $252.6M | $599.0M | ||
| Q1 25 | $270.1M | $511.2M | ||
| Q4 24 | $273.9M | $530.1M | ||
| Q3 24 | $273.3M | $508.9M | ||
| Q2 24 | $301.7M | $530.5M | ||
| Q1 24 | $313.0M | $543.7M |
负债/权益比ISPORGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.2M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $891.0K |
| 自由现金流率自由现金流/营收 | -5.4% | 1.6% |
| 资本支出强度资本支出/营收 | 1.4% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-31.2M | $14.9M |
8季度趋势，按日历期对齐
经营现金流ISPORGS
| Q4 25 | — | $1.7M | ||
| Q3 25 | $-2.2M | $2.3M | ||
| Q2 25 | $1.1M | $6.8M | ||
| Q1 25 | $-6.6M | $6.2M | ||
| Q4 24 | $-15.8M | $2.1M | ||
| Q3 24 | $-13.7M | $-1.3M | ||
| Q2 24 | $-1.8M | $5.1M | ||
| Q1 24 | $-7.2M | $-277.0K |
自由现金流ISPORGS
| Q4 25 | — | $891.0K | ||
| Q3 25 | $-3.0M | $1.9M | ||
| Q2 25 | $468.0K | $6.2M | ||
| Q1 25 | $-7.5M | $5.9M | ||
| Q4 24 | $-21.2M | $1.7M | ||
| Q3 24 | $-14.8M | $-1.4M | ||
| Q2 24 | $-3.7M | $5.1M | ||
| Q1 24 | $-8.5M | $-326.0K |
自由现金流率ISPORGS
| Q4 25 | — | 1.6% | ||
| Q3 25 | -5.4% | 3.2% | ||
| Q2 25 | 0.7% | 10.3% | ||
| Q1 25 | -11.4% | 10.3% | ||
| Q4 24 | -33.7% | 3.6% | ||
| Q3 24 | -21.5% | -3.0% | ||
| Q2 24 | -5.5% | 10.3% | ||
| Q1 24 | -10.6% | -0.7% |
资本支出强度ISPORGS
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 8.7% | 0.9% | ||
| Q3 24 | 1.6% | 0.0% | ||
| Q2 24 | 2.8% | 0.0% | ||
| Q1 24 | 1.6% | 0.1% |
现金转化率ISPORGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | -4.09× | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | -3.16× | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | -5.70× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
